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Creamer Media Reporter

Absa becomes Coega’s first BPO investor

4th August 2008 South African retail bank Absa has become the first investor in the Business Process Outsourcing (BPO) cluster of the Coega industrial development zone (IDZ), an investment that would create 94 new jobs, the Coega Development Corporation (CDC) and Absa reported on Monday. "The project came at... 

Rio Tinto invests $652m to continue Arizona copper study

4th August 2008 Diversified-miner Rio Tinto on Monday announced it would inject $652-million to support its continued pre-feasibility studies on a large copper deposit at it Resolution Copper Mining operation, in Arizona. The pre-feasibility studies were expected to be complete by 2012, with production at the... 

Sasol hedges 30% of SA fuel output

1st August 2008 South African synthetic fuels producer Sasol has hedged about 30% of its planned local synthetic fuels production for the remainder of the 2009 financial year, it said on Friday. The hedge, which would be the equivalent of about 16,4-billion barrels of oil, would provide downside protection if... 

Uncertainty in construction industry knocks SA French’s earnings

1st August 2008 Crane and materials-handling supplier SA French on Friday announced that its headline earnings a share would be between 66% and 73% lower for the year ended June 30, compared with the forecast results reported in its prospectus on October 29, 2007. Headline earnings a share would be between 4c a... 

Harmony, Monarch terminate Mt Magnet deal

1st August 2008 Australian junior-miner Monarch Gold has terminated the purchase agreement of Harmony Gold’s Mount (Mt) Magnet operations in western Australia, Harmony told shareholders on Friday. Earlier in July, Harmony indicated that it had renegotiated the terms of sale for its assets in Australia, after... 

Mining Weekly 1 August 2008

1st August 2008  

Engineering News 1 August 2008

1st August 2008  

Village appoints Rawstorne, Dippenaar to board

31st July 2008 JSE-listed Village Main Reef Gold Mining Company, in which Bernard Swanepoel’s company To the Point Investments holds a 47,8% stake, has appointed two new independent non-executive directors, the company said in a statement on Thursday. Georges Rawstorne and Ferdi Dippenaar were appointed to the... 

Hyprop announces R370m shopping centre expansion

31st July 2008 Property developer Hyprop said that the Glen shopping centre in southern Johannesburg would undergo a R370-million expansion project, which would increase the centre by adding 19 000m² of retail space and 1 100 new parking bays. As part of the expansion, improved access points would include a... 

Ecsa makes submission on proposed Built Environment Professions Bill

31st July 2008 The Engineering Council of South Africa (Ecsa) on Thursday said it had requested the opportunity to make a verbal presentation of its submission on the proposed Built Environment Professions Bill, at the public hearings to be held by the portfolio committee on Public Works on August 12 and 13.... 

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